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SICK PSU
Government clears revised norms for time-bound closure of sick PSUsThe guidelines accord first priority to utilisation of land of central public sector enterprises (CPSEs) under closure for affordable housi...- Niti Aayog making new list of sick PSUs for divestment: Amitabh KantThe Prime Minister's Office (PMO) had asked the think- tank to look into the viability of sick state-run companies.
- 34 sick PSUs suggested for strategic divestment: Niti Aayog CEO Amitabh KantThe Prime Minister's Office (PMO) had asked the think- tank to look into the viability of sick state-run companies.
- Sick PSUs’ land to be used for low-cost housingLand will be identified and then the PSU would either sell it or lease it out to a private partner, who would build low cost houses.
- PSUs identified, FinMin to take call on stake sale: Niti AayogWe have pushed very strongly for closure of many of the sick units. That is something that has been talked about for decades but has not ha...
- Vested interests a hurdle to strategic sales in PSUs: Arvind Panagariya, Niti AayogPanagariya talks about the principles on which strategic disinvestment should be based and how to deal with ailing PSUs
- PMO asks Amitabh Kant to chalk out detailed plan for one sick PSUThis follows a road map prepared by NITI Aayog and submitted to the PMO last month on strategic sale or closure of some sick public sector ...
- Small companies complain non-payment by state-run InstrumentationThe DHI has received some representations from small units complaining of non-adherence to payment terms by sick PSU Instrumentation Ltd.
- VRS being prepared for sick PSU Hindustan Photo Films employeesThe Department of Heavy Industries will soon seek the Cabinet approval for VRS it is preparing for employees of sick PSU Hindustan Photo Fi...
- Scooters India dips 5% as government defers revival planShares of Scooters India Ltd today fell by nearly 5 per cent to hit lower circuit after the government deferred a proposal for revival of t...
- Finance Ministry rejects IFCI's plan to set off Rs 523-cr loan against duesThe ministry said the plan to set off the loan against outstanding dues of Hindustan Cable Ltd is illegal and in violation of its direction.
- Govt plans to raise salary, retirement age of sick PSU headGovernment is mulling increase in retirement age of head of a sick PSU to 60 years and bring his pay package at par with his peers in profi...
- Fertiliser Ministry mulls waiver of Madras Fertilisers Ltd loans worth Rs 550 croreThe Fertiliser Ministry is considering the waiver of Rs 550 crore worth of govt loans and accrued interest owed by MFL.
- Fertliser minister seeks SAIL's response on Rs 70,000 cr proposalThe Fertiliser Ministry has asked steel PSU SAIL if it would adhere to setting up an urea plant at the premises of one of its sick units as...
- Govt plans to give CEOs of sick PSUs fat pay hikesThis may sound funny, but the government is serious about giving grand pay hikes to CEOs of sick public sector units (PSUs).
- CEOs of sick PSUs to get more time for revivalTo put the revival of sick PSU companies on a firm ground, the government has decided to extend the date of retirement of CEOs.
- Hindustan Prefab signs MoU with Min of Housing
- SBI accumulates Rs 1,700-cr NPA from sick PSU Hind PhotoState Bank of India (SBI) has accumulated non-performing assets worth Rs 1,700 crore from a single PSU, which is more or less dead and defu...
- Little profit from PSUs despite huge investmentProfit made by central public sector undertakings stood at Rs 74,432 crore in ’04-05, which is almost half of the funds invested by the gov...
- PSU revival plans need Parliament’s approvalIn a move that could seal the fate of the government’s plan to revive loss-making public sector units with private partnership, the law min...
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